Understanding Stock Splits and Their Impact on DeFiChain Users
Over the past year, numerous companies have announced stock splits. Companies often choose to split their stocks to make their share prices more appealing to investors.
It's crucial to implement these changes accurately on DeFiChain.
Discover how this process is managed on DeFiChain in our latest blog post linked below.
https://blog.defichain.com/stock-splits/
Over the past year, numerous companies have announced stock splits. Companies often choose to split their stocks to make their share prices more appealing to investors.
It's crucial to implement these changes accurately on DeFiChain.
Discover how this process is managed on DeFiChain in our latest blog post linked below.
https://blog.defichain.com/stock-splits/
DeFiChain Blog
How Stock Splits Affect DeFiChain Users
Various companies have announced stock splits over the past year. Changes like these have to be properly implemented on DeFiChain as well. As a result we came up with a general process that applies to all future stock splits.
MicroStrategy recently announced a major change for its shareholders — a 10-for-1 stock split set to occur on August 7, 2024.
This event will have notable repercussions for traditional market investors as well as those engaged with decentralized finance (DeFi) platforms, particularly DeFiChain, where dMSTR tokens can be traded and invested into various products.
Find out what that means for DeFiChain users in the blog below 👇
https://blog.defichain.com/microstrategy-stock-split-and-its-implications-for-defichain/
This event will have notable repercussions for traditional market investors as well as those engaged with decentralized finance (DeFi) platforms, particularly DeFiChain, where dMSTR tokens can be traded and invested into various products.
Find out what that means for DeFiChain users in the blog below 👇
https://blog.defichain.com/microstrategy-stock-split-and-its-implications-for-defichain/
DeFiChain Blog
MicroStrategy Stock Split and Its Implications for DeFiChain
MicroStrategy recently announced a major change for its shareholders — a 10-for-1 stock split set to occur on August 7, 2024.
This event will have notable repercussions for traditional market investors as well as those engaged with decentralized finance…
This event will have notable repercussions for traditional market investors as well as those engaged with decentralized finance…
Project Spotlight: Crypto Factor
Crypto Factor is the ultimate launchpad for aspiring crypto entrepreneurs. By offering a comprehensive suite of tools and resources, it demystifies the process of bringing a blockchain project to life.
Find out more about Crypto Factor and its achievements so far in the blog post below 👇
https://blog.defichain.com/project-spotlight-crypto-factor-2/
Crypto Factor is the ultimate launchpad for aspiring crypto entrepreneurs. By offering a comprehensive suite of tools and resources, it demystifies the process of bringing a blockchain project to life.
Find out more about Crypto Factor and its achievements so far in the blog post below 👇
https://blog.defichain.com/project-spotlight-crypto-factor-2/
DeFiChain Blog
Project Spotlight: Crypto Factor
Crypto Factor is the ultimate launchpad for aspiring crypto entrepreneurs.
By offering a comprehensive suite of tools and resources, it demystifies the process of bringing a blockchain project to life.
The Power of Decentralized Entity Execution
Central…
By offering a comprehensive suite of tools and resources, it demystifies the process of bringing a blockchain project to life.
The Power of Decentralized Entity Execution
Central…
Upcoming Special-DFIP Vote - Eliminate the 0.5% Additional Fee for dToken Swaps
An important Special DFIP is up for vote soon. Let’s break down the proposal to eliminate the 0.5% additional fee for dToken swaps on the native DEX.
On July 18, 2024, a 0.5% fee was added to dToken swaps as part of the “Re-peg DFIP.” This increased swap fees to 0.7% for normal swaps and 1.4% for composite swaps.
The fee’s purpose? To burn algo tokens and potentially activate a kill switch if DUSD traded above 95 cents consistently. However, things didn’t go as planned.
Despite reduced fees in DUSD/stablecoin pools, we’ve seen a drastic drop in DUSD price. The kill switch is unlikely to activate, and liquidity has taken a hit. It’s time for a change!
The proposal: Remove the 0.5% swapping fee for all dToken pairs immediately upon approval. This move aims to boost trading volume and restore competitiveness to our DEX.
Benefits include:
👉 Reverting to a market-based fee structure
👉 Minimizing impact on projects like Javsphere’s TradeX & DexTrading Masters
👉 Preserving liquidity provider earnings
👉 Avoiding a lose-lose situation for the ecosystem
Want to dive deeper?
More details and the ongoing community discussion can be found on Reddit. Join the conversation and share your thoughts here:
https://www.reddit.com/r/defiblockchain/comments/1efsvsr/sdfip_eliminate_the_05_additional_fee_for_dtoken/?share_id=au46vRI918kv8bzFVc6Wd&utm_content=2&utm_medium=ios_app&utm_name=ioscss&utm_source=share&utm_term=1
Your vote matters! Keep an eye out for the voting dates and make sure to participate. Let’s work together to keep the DeFiChain ecosystem thriving!
An important Special DFIP is up for vote soon. Let’s break down the proposal to eliminate the 0.5% additional fee for dToken swaps on the native DEX.
On July 18, 2024, a 0.5% fee was added to dToken swaps as part of the “Re-peg DFIP.” This increased swap fees to 0.7% for normal swaps and 1.4% for composite swaps.
The fee’s purpose? To burn algo tokens and potentially activate a kill switch if DUSD traded above 95 cents consistently. However, things didn’t go as planned.
Despite reduced fees in DUSD/stablecoin pools, we’ve seen a drastic drop in DUSD price. The kill switch is unlikely to activate, and liquidity has taken a hit. It’s time for a change!
The proposal: Remove the 0.5% swapping fee for all dToken pairs immediately upon approval. This move aims to boost trading volume and restore competitiveness to our DEX.
Benefits include:
👉 Reverting to a market-based fee structure
👉 Minimizing impact on projects like Javsphere’s TradeX & DexTrading Masters
👉 Preserving liquidity provider earnings
👉 Avoiding a lose-lose situation for the ecosystem
Want to dive deeper?
More details and the ongoing community discussion can be found on Reddit. Join the conversation and share your thoughts here:
https://www.reddit.com/r/defiblockchain/comments/1efsvsr/sdfip_eliminate_the_05_additional_fee_for_dtoken/?share_id=au46vRI918kv8bzFVc6Wd&utm_content=2&utm_medium=ios_app&utm_name=ioscss&utm_source=share&utm_term=1
Your vote matters! Keep an eye out for the voting dates and make sure to participate. Let’s work together to keep the DeFiChain ecosystem thriving!
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🚀 The DeFiChain Weekly Update is Here!
Here’s what’s been happening in the DeFiChain ecosystem this week:
✅ MicroStrategy Stock Split and Its Implications for DeFiChain
✅ Project Spotlight: Crypto Factor
✅ Upcoming SDFIP Vote - Eliminate the 0.5% Additional Fee for dToken Swaps
✅ Ecosystem Project Updates
All these are covered in our weekly update blog below 👇
https://blog.defichain.com/weekly-update-mstr-stock-split-project-spotlight-special-dfip-and-more
Here’s what’s been happening in the DeFiChain ecosystem this week:
✅ MicroStrategy Stock Split and Its Implications for DeFiChain
✅ Project Spotlight: Crypto Factor
✅ Upcoming SDFIP Vote - Eliminate the 0.5% Additional Fee for dToken Swaps
✅ Ecosystem Project Updates
All these are covered in our weekly update blog below 👇
https://blog.defichain.com/weekly-update-mstr-stock-split-project-spotlight-special-dfip-and-more
Understanding Crypto Bridges under MiCA Regulation
This article is part of our ongoing series about crypto bridges, building on our previous discussion about custodial risks and various other attack vectors:
https://x.com/defichain/status/1813492033534706023
Crypto bridges are crucial for interoperability between blockchains. However, under MiCA (Markets in Crypto-Assets Regulation) and similar regulations, these bridges may fall under various regulatory obligations depending on their structure. Let's explore the key considerations.
In standard bridge implementations, crypto-assets on the source blockchain are often held in custody, even through smart contracts. This custody may qualify as a crypto-asset service under MiCA if it involves safekeeping or controlling assets on behalf of third parties.
Key question: Is the custody function a service by a crypto-asset service provider (CASP)? If yes, it meets MiCA's criteria for regulatory oversight. This aspect has been widely debated and needs careful assessment.
When bridging, new crypto-assets are often issued on the destination chain, representing assets on the source chain. This issuance typically doesn't carry major obligations unless it involves public offerings or certain token types like asset-referenced tokens (ARTs) and E-Money Tokens (EMTs).
Issuing EMTs that reference official currencies of EU Member States is deemed a public offering under MiCA, triggering specific regulatory requirements. This will be a key area to watch in the evolving DeFi landscape.
If issuance is automated via smart contracts without identifiable control, MiCA's Titles II, III, or IV might not apply. This hinges on the interpretation of what constitutes a non-identifiable issuer.
Bridges often facilitate transfers between different blockchains. If these transfers are done on behalf of another party, they may be considered a transfer service under MiCA, which has specific regulatory implications.
If bridging involves a swap or exchange, and a third party is involved in order execution, this may constitute reception and transmission of orders under MiCA. This adds another layer of regulatory scrutiny.
Known as brokerage, if a CASP executes buy/sell orders on behalf of clients during bridging, this could be a regulated activity. It combines order reception and execution, requiring careful regulatory compliance.
If bridging results in a different crypto-asset, and involves the conclusion of purchase/sale contracts using CASP’s proprietary capital, it falls under the exchange of crypto-assets service. This is another critical regulatory aspect.
Navigating MiCA regulation is complex for crypto bridges, requiring thorough analysis of custody, issuance, transfer, and exchange activities. It is anticipated that an increasing number of crypto bridges will need to adapt their business models in the near future to remain compliant with MiCA regulations.
This article is part of our ongoing series about crypto bridges, building on our previous discussion about custodial risks and various other attack vectors:
https://x.com/defichain/status/1813492033534706023
Crypto bridges are crucial for interoperability between blockchains. However, under MiCA (Markets in Crypto-Assets Regulation) and similar regulations, these bridges may fall under various regulatory obligations depending on their structure. Let's explore the key considerations.
In standard bridge implementations, crypto-assets on the source blockchain are often held in custody, even through smart contracts. This custody may qualify as a crypto-asset service under MiCA if it involves safekeeping or controlling assets on behalf of third parties.
Key question: Is the custody function a service by a crypto-asset service provider (CASP)? If yes, it meets MiCA's criteria for regulatory oversight. This aspect has been widely debated and needs careful assessment.
When bridging, new crypto-assets are often issued on the destination chain, representing assets on the source chain. This issuance typically doesn't carry major obligations unless it involves public offerings or certain token types like asset-referenced tokens (ARTs) and E-Money Tokens (EMTs).
Issuing EMTs that reference official currencies of EU Member States is deemed a public offering under MiCA, triggering specific regulatory requirements. This will be a key area to watch in the evolving DeFi landscape.
If issuance is automated via smart contracts without identifiable control, MiCA's Titles II, III, or IV might not apply. This hinges on the interpretation of what constitutes a non-identifiable issuer.
Bridges often facilitate transfers between different blockchains. If these transfers are done on behalf of another party, they may be considered a transfer service under MiCA, which has specific regulatory implications.
If bridging involves a swap or exchange, and a third party is involved in order execution, this may constitute reception and transmission of orders under MiCA. This adds another layer of regulatory scrutiny.
Known as brokerage, if a CASP executes buy/sell orders on behalf of clients during bridging, this could be a regulated activity. It combines order reception and execution, requiring careful regulatory compliance.
If bridging results in a different crypto-asset, and involves the conclusion of purchase/sale contracts using CASP’s proprietary capital, it falls under the exchange of crypto-assets service. This is another critical regulatory aspect.
Navigating MiCA regulation is complex for crypto bridges, requiring thorough analysis of custody, issuance, transfer, and exchange activities. It is anticipated that an increasing number of crypto bridges will need to adapt their business models in the near future to remain compliant with MiCA regulations.
Forwarded from Bake - International Announcements
Commencing 7 Aug, 2024, Bake will no longer mint new dCryptos.
The change is due to regulatory reasons and affects all dCrypto assets, including dBTC, dETH, dUSDC, dUSDT, dLTC, dEUROC, dDOGE, dBCH, dMATIC, dSOL, dSUI, and dDOT.
This does not affect the current dCryptos that have already been issued and the current holders, they can be redeemed as usual. Please also note that dCrypto swaps will be discontinued, and we will no longer accept new entries for Liquidity Mining and YieldVault.
Thank you for your understanding.
The change is due to regulatory reasons and affects all dCrypto assets, including dBTC, dETH, dUSDC, dUSDT, dLTC, dEUROC, dDOGE, dBCH, dMATIC, dSOL, dSUI, and dDOT.
This does not affect the current dCryptos that have already been issued and the current holders, they can be redeemed as usual. Please also note that dCrypto swaps will be discontinued, and we will no longer accept new entries for Liquidity Mining and YieldVault.
Thank you for your understanding.
Cast Your Vote on the Special DFIP to Eliminate the 0.5% Additional Fee for dToken Swaps
A new Special DFIP has been submitted to eliminate the 0.5% swapping fee for all dToken pairs immediately upon approval. This initiative aims to increase trading volume and restore competitiveness to the DeFiChain DEX.
Special DFIPs require a 2/3 approval rate with at least 10% participation from masternodes.
Voting is currently open and will close on August 10th, 2024.
For more information, you can review the submitted proposal on Reddit:
https://www.reddit.com/r/defiblockchain/comments/1efsvsr/sdfip_eliminate_the_05_additional_fee_for_dtoken/
Cast your vote here:
https://defiscan.live/governance/03c77f1236c28bb2fc8a94677942127bf73a7b18eaf63604139cbb1599cfa9a9
A new Special DFIP has been submitted to eliminate the 0.5% swapping fee for all dToken pairs immediately upon approval. This initiative aims to increase trading volume and restore competitiveness to the DeFiChain DEX.
Special DFIPs require a 2/3 approval rate with at least 10% participation from masternodes.
Voting is currently open and will close on August 10th, 2024.
For more information, you can review the submitted proposal on Reddit:
https://www.reddit.com/r/defiblockchain/comments/1efsvsr/sdfip_eliminate_the_05_additional_fee_for_dtoken/
Cast your vote here:
https://defiscan.live/governance/03c77f1236c28bb2fc8a94677942127bf73a7b18eaf63604139cbb1599cfa9a9
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A Closer Look at the September DFIP & CFP Voting Round
Check out our blog for details on the 5 DeFiChain Improvement Proposals (DFIPs) soon up for vote. Inform yourself and don’t miss your chance to have a say in the future of DeFiChain!
👉 https://blog.defichain.com/a-closer-look-at-the-september-dfip-cfp-voting-round/
Check out our blog for details on the 5 DeFiChain Improvement Proposals (DFIPs) soon up for vote. Inform yourself and don’t miss your chance to have a say in the future of DeFiChain!
👉 https://blog.defichain.com/a-closer-look-at-the-september-dfip-cfp-voting-round/
DeFiChain Blog
A Closer Look at the September DFIP & CFP Voting Round
Four DeFiChain Improvement Proposal (DFIPs) and one Community Fund Proposals (CFPs) are up for vote in the latest governance voting round.
DFIPs:
1. Reducing fees for composite swaps on the native DEX
2. More capital efficient DUSD loans
3. Unlocking…
DFIPs:
1. Reducing fees for composite swaps on the native DEX
2. More capital efficient DUSD loans
3. Unlocking…
Join us for the 5th DeFiChain Labs Engineering Sync!
📅 Next week, Monday, August 12, 2024
⏰ Live at 11:30 (CET) // 17:30 (SGT)
🔗 Join here (https://meet.google.com/pez-xokc-pdn)
🕒 Duration: 45 minutes
This call covers:
✅ Status Updates
✅ Current Team Projects
✅ Collaborative Issue/Bug Squashing on GitHub
✅ Q&A
Submit your Questions here:
https://forms.gle/wgqqUyf6ookuHo886
Note: This is a technical session focused on engineering topics only, with no discussions on tokenomics, economics, or prices.
Don’t miss this chance to stay informed and get involved with the DeFiChain Labs Engineering team!
📅 Next week, Monday, August 12, 2024
⏰ Live at 11:30 (CET) // 17:30 (SGT)
🔗 Join here (https://meet.google.com/pez-xokc-pdn)
🕒 Duration: 45 minutes
This call covers:
✅ Status Updates
✅ Current Team Projects
✅ Collaborative Issue/Bug Squashing on GitHub
✅ Q&A
Submit your Questions here:
https://forms.gle/wgqqUyf6ookuHo886
Note: This is a technical session focused on engineering topics only, with no discussions on tokenomics, economics, or prices.
Don’t miss this chance to stay informed and get involved with the DeFiChain Labs Engineering team!
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🚀 The DeFiChain Weekly Update is Here!
Here’s what’s been happening in the DeFiChain ecosystem this week:
✅ Cast Your Vote on the Special DFIP to Eliminate the 0.5% Additional Fee for dToken Swaps
✅ Understanding Crypto Bridges under MiCA Regulation
✅ A Closer Look at the September DFIP & CFP Voting Round
✅ Ecosystem Project Updates
All these are covered in our weekly update blog below 👇
https://blog.defichain.com/weekly-update-special-dfip-crypto-bridges-upcoming-voting-round-and-more
Here’s what’s been happening in the DeFiChain ecosystem this week:
✅ Cast Your Vote on the Special DFIP to Eliminate the 0.5% Additional Fee for dToken Swaps
✅ Understanding Crypto Bridges under MiCA Regulation
✅ A Closer Look at the September DFIP & CFP Voting Round
✅ Ecosystem Project Updates
All these are covered in our weekly update blog below 👇
https://blog.defichain.com/weekly-update-special-dfip-crypto-bridges-upcoming-voting-round-and-more
Voting for the Special DFIP proposing a 0.5% fee reduction for dToken swaps has ended on August 10th (Block Height 4,231,191). The proposal is approved, the changes are in effect since Block Height 4,231,500.
Here’s a summary of the SDFIP: https://www.reddit.com/r/defiblockchain/comments/1efsvsr/sdfip_eliminate_the_05_additional_fee_for_dtoken/
Here’s a summary of the SDFIP: https://www.reddit.com/r/defiblockchain/comments/1efsvsr/sdfip_eliminate_the_05_additional_fee_for_dtoken/
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Join us for the 5th DeFiChain Labs Engineering Sync!
📅 Today, Monday, August 12, 2024
⏰ Live at 11:30 (CET) // 17:30 (SGT)
🔗 Join here (https://meet.google.com/pez-xokc-pdn)
🕒 Duration: 45 minutes
This call covers:
✅ Status Updates
✅ Current Team Projects
✅ Collaborative Issue/Bug Squashing on GitHub
✅ Q&A
Submit your Questions here:
https://forms.gle/wgqqUyf6ookuHo886
Note: This is a technical session focused on engineering topics only, with no discussions on tokenomics, economics, or prices.
Don’t miss this chance to stay informed and get involved with the DeFiChain Labs Engineering team!
📅 Today, Monday, August 12, 2024
⏰ Live at 11:30 (CET) // 17:30 (SGT)
🔗 Join here (https://meet.google.com/pez-xokc-pdn)
🕒 Duration: 45 minutes
This call covers:
✅ Status Updates
✅ Current Team Projects
✅ Collaborative Issue/Bug Squashing on GitHub
✅ Q&A
Submit your Questions here:
https://forms.gle/wgqqUyf6ookuHo886
Note: This is a technical session focused on engineering topics only, with no discussions on tokenomics, economics, or prices.
Don’t miss this chance to stay informed and get involved with the DeFiChain Labs Engineering team!
DeFiChain Labs Tech Sync
Missed yesterday’s DeFiChain Labs Tech Sync? No worries! Catch the full recap on YouTube where we covered:
✅ Status Updates
✅ Team Projects Progress
✅ Collaborative Bug Squashing on GitHub
✅ Q&A with the community
Watch it now and stay in the loop! 👇
https://youtu.be/RVWGxoaURZg
Missed yesterday’s DeFiChain Labs Tech Sync? No worries! Catch the full recap on YouTube where we covered:
✅ Status Updates
✅ Team Projects Progress
✅ Collaborative Bug Squashing on GitHub
✅ Q&A with the community
Watch it now and stay in the loop! 👇
https://youtu.be/RVWGxoaURZg
YouTube
DeFiChain Labs Engineering Sync (August)
Welcome to the recording of our monthly Community Engineering Sync - A public monthly community call where anyone from the community is welcome to join! This call is all about status updates, what the team is working on, collaborative Issue/Bug Squashing…
This week, the DeFiChain Labs engineering team held their monthly Tech Sync, providing updates on the current projects and initiatives the team is tackling.
We’ve summarized the key updates here:
https://blog.defichain.com/defichain-labs-tech-sync-august-2024/
We’ve summarized the key updates here:
https://blog.defichain.com/defichain-labs-tech-sync-august-2024/
DeFiChain Blog
DeFiChain Labs Tech Sync – August 2024
The DeFiChain Labs team recently held their monthly Tech Sync, offering valuable insights into ongoing projects and upcoming network enhancements.
Here’s a summary of the updates:
September Hard Fork
The mid-September hard fork is set to introduce several…
Here’s a summary of the updates:
September Hard Fork
The mid-September hard fork is set to introduce several…
New Listing: DeFiChain’s $DFI Now Trading on Coinstore
We are excited to announce that $DFI, DeFiChain’s native token, is now available for trading on Coinstore, a leading exchange in the APAC region. This listing is a major step forward, enhancing accessibility and liquidity for our expanding ecosystem.
Key Details:
🗓 Trade & Withdraw Start: August 15, 2024, 18:00 (UTC+8)
Join the DeFiChain revolution here:
https://www.coinstore.com/spot/DFIDEFICHAINUSDT?ts=1723712850707
We are excited to announce that $DFI, DeFiChain’s native token, is now available for trading on Coinstore, a leading exchange in the APAC region. This listing is a major step forward, enhancing accessibility and liquidity for our expanding ecosystem.
Key Details:
Join the DeFiChain revolution here:
https://www.coinstore.com/spot/DFIDEFICHAINUSDT?ts=1723712850707
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🚀 The DeFiChain Weekly Update is Here!
Here’s what’s been happening in the DeFiChain ecosystem this week:
✅ New Listing: DeFiChain’s $DFI Now Trading on Coinstore
✅ DeFiChain Labs Tech Sync
✅ Special DFIP: Eliminate the 0.5% Additional Fee for dToken Swaps
✅ Ecosystem Project Updates
All these are covered in our weekly update blog below 👇
https://blog.defichain.com/weekly-update-new-listing-tech-sync-sdfip-implementation
Here’s what’s been happening in the DeFiChain ecosystem this week:
✅ New Listing: DeFiChain’s $DFI Now Trading on Coinstore
✅ DeFiChain Labs Tech Sync
✅ Special DFIP: Eliminate the 0.5% Additional Fee for dToken Swaps
✅ Ecosystem Project Updates
All these are covered in our weekly update blog below 👇
https://blog.defichain.com/weekly-update-new-listing-tech-sync-sdfip-implementation
DeFiChain Labs is proud to announce its role as a Node Validator for CrowdSwap's Cross-Chain Solution.
This development marks another milestone for DeFiChain Labs and further reinforces its commitment to sustaining critical infrastructure within the DeFiChain ecosystem.
Learn more in our latest blog post:
https://blog.defichain.com/defichain-labs-becomes-node-validator-for-crowdswaps-cross-chain-bridge/
This development marks another milestone for DeFiChain Labs and further reinforces its commitment to sustaining critical infrastructure within the DeFiChain ecosystem.
Learn more in our latest blog post:
https://blog.defichain.com/defichain-labs-becomes-node-validator-for-crowdswaps-cross-chain-bridge/
Big Changes Coming to DeFiChain with the September Hard Fork
DeFiChain’s mid-September Hard Fork is on the horizon, and it’s packed with updates aimed at improving the user experience and network efficiency. Here’s a breakdown of what’s coming.
Revamped Owner Rewards Calculation: Addressing long-standing bugs, this update aims to streamline how owner rewards are calculated. The fixes are expected to be finalized by the end of the week, ensuring a smoother experience for all users.
Faster Block Time: While increasing block speed has long been on the agenda, the team is approaching it with caution. The plan is to gradually enhance block time as the underlying infrastructure becomes capable of handling the changes without compromising stability.
Token Ownership Update: One of the most anticipated changes is the ability to transfer ownership of data. This will be implemented through a major pull request (PR) that is currently in progress.
Token Deprecation: To prevent confusion among users, a new feature will allow tokens to be marked as deprecated, using a prefix like “EOL” (End of Life). This will clearly indicate when a token is no longer in use, helping to maintain a clean and efficient token environment.
Rejecting Past Time Blocks: This update is designed to enhance the Ethereum Virtual Machine (EVM) layer by ensuring blocks are processed in the correct chronological order - a crucial step in maintaining blockchain integrity.
What’s Next? While the exact date is still being finalized, the DeFiChain Labs team is hard at work ensuring all these updates are ready to be rolled out smoothly. Stay tuned for more updates as we approach this critical upgrade!
DeFiChain’s mid-September Hard Fork is on the horizon, and it’s packed with updates aimed at improving the user experience and network efficiency. Here’s a breakdown of what’s coming.
Revamped Owner Rewards Calculation: Addressing long-standing bugs, this update aims to streamline how owner rewards are calculated. The fixes are expected to be finalized by the end of the week, ensuring a smoother experience for all users.
Faster Block Time: While increasing block speed has long been on the agenda, the team is approaching it with caution. The plan is to gradually enhance block time as the underlying infrastructure becomes capable of handling the changes without compromising stability.
Token Ownership Update: One of the most anticipated changes is the ability to transfer ownership of data. This will be implemented through a major pull request (PR) that is currently in progress.
Token Deprecation: To prevent confusion among users, a new feature will allow tokens to be marked as deprecated, using a prefix like “EOL” (End of Life). This will clearly indicate when a token is no longer in use, helping to maintain a clean and efficient token environment.
Rejecting Past Time Blocks: This update is designed to enhance the Ethereum Virtual Machine (EVM) layer by ensuring blocks are processed in the correct chronological order - a crucial step in maintaining blockchain integrity.
What’s Next? While the exact date is still being finalized, the DeFiChain Labs team is hard at work ensuring all these updates are ready to be rolled out smoothly. Stay tuned for more updates as we approach this critical upgrade!
DeFiChain - Announcements
Big Changes Coming to DeFiChain with the September Hard Fork DeFiChain’s mid-September Hard Fork is on the horizon, and it’s packed with updates aimed at improving the user experience and network efficiency. Here’s a breakdown of what’s coming. Revamped…
And most importantly dToken Restart
Another big update for the September Hard Fork, in the works is the dToken Restart, led by Kügi, and Peter from the DeFiChain Labs team.
For further details, check out the Reddit post:
https://www.reddit.com/r/defiblockchain/comments/1d2e3em/repeg_and_recollateralize_the_dtoken_system_as
Another big update for the September Hard Fork, in the works is the dToken Restart, led by Kügi, and Peter from the DeFiChain Labs team.
For further details, check out the Reddit post:
https://www.reddit.com/r/defiblockchain/comments/1d2e3em/repeg_and_recollateralize_the_dtoken_system_as
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